My husband and I are getting closer to an exchange on a property in Balham and my mum and dad have transferred the 10% deposit to my conveyancing practitioner. I am now told that as the deposit has been sent from someone other than me my conveyancing practitioner needs to make a notification to my lender. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to be an issue?
The solicitor is duty bound to clarify with the bank to ensure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
What is the difference between a licensed conveyancer and conveyancing solicitor in Balham
There are two types of lawyers who can do conveyancing in Balham namely licenced conveyancers or solicitors. Both professionals provide the legal services that required to complete the sale or acquisition of property. They are both required to carry out Balham conveyancing to the same standards and guidelines so you may be safe in the knowledge that your conveyancing will be professionally carried out and that the requirements and steps should be correctly adhered to.
My lawyer has informed me that absentee landlord insurance is required on my purchase. What is the level of cover for Balham conveyancing?
The right level of absentee landlord indemnity insurance depends on your lender. It would differ for example between Barclays and The Mortgage Works. Conveyancing lawyers as opposed to borrowers take out such insurances.
We expect to receive a AIP from HSBC this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do HSBC recommend any Balham solicitors on the HSBC conveyancing panel, or is it better to go independently?
You will need to appoint Balham solicitors independently although you'll need to choose one on the HSBC conveyancing panel. The solicitor represents both you and HSBC through the process.
Do commercial conveyancing searches reveal proposed roadworks that may impact a commercial premises in Balham?
Its becoming the norm that commercial conveyancing solicitors in Balham will execute a SiteSolutions Highways report as it reduces the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Balham. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Balham.
For each commercial conveyancing transaction in Balham it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may cause delays to Balham commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Balham.
I am buying a new build flat in Balham. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Balham
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
I am selling my property. My past conveyancers have shut. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Balham if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Balham. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
Expecting to exchange soon on a garden flat in Balham. Conveyancing lawyers inform me that they will have a report out to me tomorrow. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Balham should include some of the following:
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Your conveyancers should enable you to have an understanding of the insurance requirements Changes to the property Where does the liability rest for maintaining the window frames Does the lease prevent you from letting out the property, or working from home Where does the liability rest to repair and maintain the main walls and foundations. It is important that you know who is liable for the repair and maintenance of every part of the building
Following months of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Balham. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a missing freeholder or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to calculate the amount due.
An example of a Lease Extension matter before the tribunal for a Balham premises is First Floor Flat 152a Ramsden Road in June 2009. The net result of the tribunals calculation produced a premium payable of £23,975. This case related to 1 flat. The unexpired residue of the current lease was 56.67 years.